Xconomy | Boston - Business + Technology in the Exponential Economy

$191M in Loans for First Wind

Newton, MA-based wind farm developer and operator First Wind said today that it has lined up two major loans totaling $191 million. The first is an 8.5-year, $115 million term loan from Canada’s Alberta Investment Management Corporation (AIMco), and the second is a 1-year, $76 million loan from Hamburg, Germany-based HSH Nordbank. The HSH Nordbank loan will go toward expansion of First Wind’s Stetson Mountain wind project in Maine (profiled here in January 2008).

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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